Svmuu News: JPEX, an unlicensed virtual asset trading platform, was exposed in 2023 for alleged fraud. Several individuals, including celebrities and social media influencers, were implicated in defrauding investors out of their assets. According to the latest updates on the case from Hong Kong media outlet Wen Wei Po, two suspects accused of laundering approximately HK$26.4 million have been brought before the District Court in two separate cases. The prosecution confirmed that a notice of enhanced sentencing has been filed and recorded by the court. Judge Ko King-shiu adjourned the two cases for further hearings on March 31 and April 9, respectively. It is reported that, as of now, the police have charged 16 people in connection with this case. (Hong Kong Wen Wei Po)